What Motivates Organizations to Abandon Excel Budgeting?

Budgeting, planning and forecasting are “mission critical” applications in most organizations today. A poor budgeting process is the number one reason why organizations miss their numbers. Implementing a process that appeals both to the financial organization, officially responsible for the budget, and the department heads, who own the results is hugely difficult. Poor capabilities from…    Read More

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15 Things You Can’t Do in Excel Budgeting (But Should)

Budgeting is “mission critical” in organizations today.  Yet many organizations still use Excel for budget preparation.  Many organizations have turned to Excel because their ERP systems had weak budgeting capabilities.  ERP systems were designed especially for financial people, with strict controls and transaction processing.  But successful budgeting involves non-financial department heads, requires flexibility, and account…    Read More

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Why Budgeting is “Mission Critical” in Higher Education

You can’t pick up a newspaper without reading about how higher education is under pressure to keep tuition costs in line.  In the past, higher education institutions were able to pass along cost increases to students.  No more.  Now these institutions must learn to do more with the same resources or, in some cases, with…    Read More

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